About 1106-1116 Parsons Avenue
Exceptional Investment Opportunity - 1106-1116 Parsons Avenue, Columbus, OH Fully renovated in 2022, this six-unit property offers a rare opportunity for investors seeking reliable income and long-term appreciation. Each unit features modern finishes and turnkey readiness, appealing to quality tenants. Situated on separate parcels, the property provides flexibility for future refinancing, individual sales, or redevelopment opportunities. Located just minutes from Downtown Columbus and Nationwide Children's Hospital, it benefits from strong visibility and rising demand along this rapidly developing corridor. Recent Upgrades (2023-2025): • Replaced and upgraded electrical panels in all six units (completed May 2025), a $15,000 investment ensuring full code compliance and reducing total insurance premiums from $700 to $214/month, yielding a $5,800 annual expense reduction and immediate NOI improvement • New furnaces in Units 1106, 1110 & 1116 • New dishwashers in Units 1106, 1108, 1110, 1112 & 1116 • New washer & dryer in Unit 1110 (all laundry appliances owned by landlord) • New water heater in Unit 1110 • New air conditioning unit in Unit 1112
Features of 1106-1116 Parsons Avenue
| MLS® # | 225039057 |
|---|---|
| Price | $1,275,000 |
| Acres | 0.15 |
| Year Built | 1925 |
| Type | Multi-Family |
| Sub-Type | Townhouse |
| Status | Active |
Community Information
| Address | 1106-1116 Parsons Avenue |
|---|---|
| Area | None |
| City | Columbus |
| County | Franklin |
| State | OH |
| Zip Code | 43206 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
School Information
| District | COLUMBUS CSD 2503 FRA CO. |
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Listing Details
| Office | Nasser Hussain of Fiv Realty Co Ohio Llc |
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